Platinum price surrendered to stochastic negativity this morning, to notice moving towards the minor bullish channel’s support line at 971.00$, hinting postponing the bullish attempts until gathering the positive momentum again.

We expect to get sideways trades now, noting that facing additional negative pressures might force it to crawl below the current support line to suffer losses by moving towards 958.00$ followed by attempting to test the next support at 950.00$, while rallying above 983.00$ again will reinforce the chances of renewing the bullish attempts, to target 1005.00$ as a first positive station.

The expected trading range for today is between 960.00$ and 983.00$

Trend forecast: Bearish temporarily

Copper price returned to fluctuate near the additional support at 4.5300$, affected by stochastic negativity, to force it to postpone the attempts to activate the bullish track now.

Note that facing continuous negative pressures might push the price to break the current support and suffer more losses by crawling towards 4.4600$ and 4.3900$ levels, while regaining the bullish bias requires forming strong bullish rally to surpass 4.6800$ followed by repeating the pressure on 4.8100$ resistance line.

The expected trading range for today is between 4.4600$ and 4.6200$

Trend forecast: Bearish

Ethereum price (ETHUSD) trades are confined within minor bullish channel that we believe it forms bearish flag pattern, thus, the price needs to confirm breaking 2650.00$ to activate the negative effect of this pattern followed by rallying bearishly and resume the expected bearish trend for the upcoming period.

Bitcoin price (BTCUSD) attempted to break 95195.00$ yesterday, but it returns to trade above this level again by today’s open, affected by stochastic positivity, waiting to get strong negative motive that assist to confirm the break and open the way to continue the decline in the upcoming sessions.